The social media giant released its <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q1/Q1-2018-Press-Release.pdf">quarterly report</a> on April 25. Netincomewas justunder$5billion($4.98bn,or£4bn).Itsnumber of monthly active users increased to 2.2 billion, 13 percent higher than the equivalentperiodin 2017. Daily users in the United States and Canada were 185 million,<a href="https://www.ft.com/content/50eaff86-48b6-11e8-8ae9-4b5ddcca99b3"> recovering after a dip</a> in the final quarter of 2017. (<em>Financial Times</em>)

The social media giant released its <a href="https://s21.q4cdn.com/399680738/files/doc_financials/2018/Q1/Q1-2018-Press-Release.pdf">quarterly report</a> on April 25. ItsnumberofdailyactiveusersintheUnitedStatesandCanada increased to 2.2 billion, 13 percent higher than the firstthreemonths in 2017.

There's also a 49 percent rise in its revenue from the previous year. Facebook made $11.96 billion (£9.8bn) in the first quarter of 2018, compared with $8.03 billion (£6.6bn) for the first quarter of 2017.

There's also a 49 percent rise in its revenue from the previous year. Facebook made $11.96bn in the first quarter of 2018, compared to $8.03 billion (£6.6bn) for the first quarter of 2017.

Lastmonth's <a href="https://www.wikitribune.com/story/2018/04/06/internet/facebook-and-the-privacy-dilemma/58573/">Cambridge Analytica scandal</a>, which affected up to 87 million users, prompted widespread demands for more regulation and for users to delete their Facebook accounts. Chief executive Mark Zuckerberg appeared before two U.S. Congress committees to explain the company's actions (read WikiTribune reports <a href="https://www.wikitribune.com/story/2018/04/09/technology/facebook-will-contact-users-about-data-mine-before-zuckerberg-addresses-congress/62451/">here.</a>)

The <a href="https://www.wikitribune.com/story/2018/04/06/internet/facebook-and-the-privacy-dilemma/58573/">Cambridge Analytica scandal</a>, which affected up to 87 million users, prompted widespread demands for more regulation and for users to delete their Facebook accounts. Chief executive Mark Zuckerberg appeared before two U.S. Congress committees to explain the company's actions (read WikiTribune reports here.)

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